TISINYSEServices-Miscellaneous Repair ServicesUS GAAP · USD

Team, Inc

TEAM, Inc. is a U.S.-based specialty industrial services company that provides inspection, heat-treating, and mechanical repair services for critical industrial assets. Its work supports customers that operate complex facilities by helping them assess condition, maintain equipment, and perform repairs through both project-based and ongoing service arrangements.

Kysy yhtiöstä
Liikevaihto896milj. USD
+5,2 %v/v
Liikevoitto (EBIT)14,1milj. USD
+38,8 %v/v
EBIT-marginaali1,6%
+0,4 %-yks.v/v
Nettotulos−49,2milj. USD
−28,6 %v/v
Vapaa kassavirta−20,6milj. USD
−255,1 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−25002505007501 000milj. USD2020: 853 milj. USD2020: EBIT −217 milj. USD20202021: 875 milj. USD2021: EBIT −127 milj. USD20212022: 840 milj. USD2022: EBIT −40 milj. USD20222023: 863 milj. USD2023: EBIT −13 milj. USD20232024: 852 milj. USD2024: EBIT 10 milj. USD20242025: 896 milj. USD2025: EBIT 14 milj. USD202589614
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Team, Inc

Liiketoiminta

Osuus liikevaihdosta
Inspection and Heat-Treating55 %

Condition assessment, non-destructive evaluation, and heat-treating services for industrial assets.

Mechanical Services45 %

Field repair, maintenance, and turnaround work for plant equipment and piping systems.

Tuotteet

Raportoitu · osuus liikevaihdosta
47,6%40,0%FY2025100 %
  • Repairand Maintenance Services47,6 %
  • Non Destructive Evaluation and Testing Services40,0 %
  • Heat Treating7,7 %
  • Other Services4,6 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

TEAM sells primarily to industrial operators that run large, safety-critical facilities and need specialized maintenance and repair support. The company’s customer base is concentrated in refining and petrochemical end markets, with additional exposure to aerospace and other industrial users that require inspection or turnaround services. Work is typically purchased on a time-and-materials basis, under purchase orders, or through run-and-maintain and project contracts.

Refining and petrochemical operators

Buy inspection, heat-treating, leak repair, and mechanical services to keep critical assets safe and compliant.

Industrial turnaround and project customers

Purchase short-duration, high-intensity work during plant outages, shutdowns, and major maintenance events.

Run-and-maintain customers

Use ongoing nested service arrangements for recurring inspection and maintenance support at operating sites.

Aerospace and testing customers

Buy enhanced non-destructive evaluation and laboratory testing services for specialized quality assurance needs.

Strategia

TEAM’s strategy centers on being a bundled service provider that can inspect, assess, and repair industrial assets across multiple service lines. The company emphasizes proximity to customer sites, rapid response, and integrated offerings that reduce the number of vendors a customer needs to manage.

Grow integrated turnaround and maintenance relationshipsKeskipitkä aikaväli

Integrated service scope increases customer stickiness and cross-sell opportunities.

Maintain rapid local response capabilityLyhyt aikaväli

Service locations near customer plants are central to winning callout and outage work.

Deepen exposure to recurring industrial maintenance demandKeskipitkä aikaväli

Recurring work can smooth project volatility and improve customer retention.

Maantiede

Q2/2026

TEAM operates globally, with a large share of its workforce and service footprint in the United States and additional activity in Canada and other international markets. Recent disclosures highlight meaningful business in eastern Canada, the United Kingdom, Trinidad, and Latin America, reflecting the company’s exposure to industrial plant activity across multiple regions. Geography matters because turnaround timing, local regulations, and customer project cycles can vary significantly by country and site.

USA90 %
Kanada10 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

TEAM is exposed to customer concentration by end market, especially refining and petrochemicals, where spending can fall sharply during industry downturns or plant shutdown cycles. The business also carries meaningful leverage and depends on working-capital discipline, while international operations add foreign-exchange, regulatory, and geopolitical exposure. Because much of the work is short-notice and contract-based, pricing pressure, project timing, and customer outages can materially affect results.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →End-market concentration in refining and petrochemicals1High leverage and covenant pressure2Competitive pricing pressure3International and geopolitical exposure4Project and turnaround timing variability5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. End-market concentration in refining and petrochemicalsVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Customer spending is tied to maintenance cycles, plant utilization, and capital budgets in these industries.

    Kohdistuu: Refining and petrochemical customers

  2. High leverage and covenant pressureVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Debt service and covenant compliance can limit financial flexibility and absorb cash flow.

    Kohdistuu: Credit facilities and term debt

  3. Competitive pricing pressureVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Many services are bid in competitive markets, limiting pricing power.

    Kohdistuu: Industrial service contracts

  4. International and geopolitical exposureVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Operations across multiple countries expose the company to FX, sanctions, and local legal changes.

    KohdistuuCanadaUKTrinidadLatin America
  5. Project and turnaround timing variabilityVaikutus: KeskitasoTodennäköisyys: Matala

    Large jobs are episodic, so revenue and utilization can swing with outage schedules.

    KohdistuuTurnaroundCalloutProject services
Kysy Clarifolta: Team, Inc

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition across service contracts

Time-and-materials, fixed-price, and recurring service jobs can recognize revenue at different points in time.

Vaikutus: Quarterly comparability and backlog conversion

Working capital and receivables

Cash flow depends heavily on customer collections and payment timing to suppliers.

Vaikutus: Operating cash flow volatility

Deferred tax assets and valuation allowance

Realization depends on future taxable income and management’s assessment of recoverability.

Vaikutus: Income tax expense and balance sheet assets

Debt accounting and financing costs

Interest expense, amortization of debt issuance costs, and extinguishment items can materially affect reported results.

Vaikutus: Net income and leverage metrics

Foreign currency translation and transaction effects

International operations create exposure to exchange-rate movements against the euro, pound, Canadian dollar, and Brazilian real.

Vaikutus: Reported earnings and cash balances

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Päivitetty: 24.9.2026